Refer to the trial balance prepared in part (d) of P2-9A for YH Curling School. Instructions Use

Question:

Refer to the trial balance prepared in part (d) of P2-9A for YH Curling School.

Instructions

Use the trial balance to do the following:

(a) Prepare an income statement for YH Curling School.

(b) Prepare a statement of owner's equity.

TAKING IT FURTHER Derek has reviewed the financial statements. He does not understand why the company's revenue is not equal to the cash he collected from customers. Explain.

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Accounting Principles Part 1

ISBN: 978-1118306789

6th Canadian edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow

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Question Posted: Mar 15, 2017 10:57 AM

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Refer to the trial balance prepared in part (d) of P2-9A for YH Curling School. Instructions Use

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a YH CURLING SCHOOL Income Statement Month Ended February 28 2014 Revenues Fees earned 5715 Expenses ...View the full answer

Accounting Principles Part 1

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